gurgaon affordable housing scheme

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Dwarka Expressway is the Highway to Fortune-
Part 3
?November 24, 2016 ?Real Estate ?affordable
housing gurgaon, dwarka expressway projects
list, dwarka expressway property rates, haryana
affordable housing scheme in dwarka expressway,
sector 103 dwarka expressway ?Srishti Chandola
Dwarka Expressway has a huge demand for
affordable housing projects. Major sectors
catering to the affordable segment are offering
to buy and renting options with varied budget and
segments. The tendency of home buying follows
closely to the renting tendency on the corridor
as all the localities have high rental demand
which will give better returns to the owners and
thus more people will be looking to buy these
localities. Therefore, six out of top ten
localities by consumer searches for buying a
home in top ten localities by consumer searching
for renting a house. Property rates that are
available in the corridor are affordable and
provide a potential return on investment. Most
of the recent demand is driven by the end user
rather than the investment, the buyers are
looking for bigger apartment types in a suitable
market for the living. As a result, the dominant
BHK type for renting and buying is 3 BHKs which
are followed by 2 BHKs. Over 53 demand is
distributed for buying 3 BHK units and the demand
for distribution for rent is 57 in the corridor.
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Notably, the fact is that the demand for 4 BHKs
and above is much more than the demand for 1
BHKs. This is a phenomenon that is very rarely
seen in other geographies of the country and
reinforces the favorite of the bigger apartment
sizes by the buyers in the market here. The
average rate of Dwarka Expressway corridor has
been falling for almost a year now which clearly
mirrors the weakness in the complete Gurgaon
market. The corridor or the region has been
witnessing some slow or fewer launches and the
transaction sale activity has also been slow.
Though sale numbers were hopeful to pick up after
resolution of dispute for land under Dwarka
Expressway, this, however, did not happen and the
rates have fallen by 5 over the previous six
months and almost 7 in last one year. It is
being believed that the rates have hit the rock
bottom and would no longer go down. Numerous
localities in this corridor have given a mixed
rate which varies over last quarter with over
three of the two corridors those would witness a
fall in the rates. Change in price has varied
drastically and there is no clear trend
geographically. Thus, the variation rates in the
corridor are a result of the seasonal trends
while having a falling pressure due to the
weakness in the complete property market in
Gurgaon.
? Dwarka Expressway is the Highway to Fortune-
Part 2
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